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Non-Tech : CABOT Sinkhole (PRST, ZOLT, IOMG...) How deep?

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To: Frank Bunn who wrote (20)6/23/1996 6:22:00 AM
From: Jeng Chiu   of 90
 
Frank, I don't think Cabot will be selling anymore newsletters.

Of course I could be wrong.
I just hope older investors aren't caught up in this. If you're young and incur losses, at least you have time on your side.
It would be a real shame if retired folks got whacked because some greedy bastard was hyping stocks he knew or should have known were overvalued- just to sell some newsletter.
Sure they may be right and that in 5, 10 years, PRST will rebound. But if you're over 60, who can wait that long.
And in today's dog-eat-dog society, I hate it when the elderly are victimized and lose their entire savings. Yes, you can blame them for being "greedy" and that they should have known the risks. I would like to classify their belief as hope and not greed.
And yes, it can be misguided hope. Maybe in a perfect world, the only people that get whacked will be the Michael Milkens of the world.... can't blame me for dreaming...

And Frank, now that we're on the subject of scams...when are they going to stop allowing Potato chip bags to to be only half full.
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